Coy Gibbs Net Worth: Coy Gibbs was a retired American NASCAR driver and entrepreneur with a $5 million net worth. He was most recognised for his work as an assistant coach for the Washington Redskins and as a co-owner of Joe Gibbs Racing.
He was well renowned as the son of Pro Football Hall of Famer and five-time NASCAR Cup Series champion Joe Gibbs. Gibbs died quietly in his sleep on November 6, 2022, the same night his son Ty won the NASCAR Xfinity Series championship.
Coy Gibbs Early Life
Coy Randall Gibbs was born on December 9th, 1972, in Huntersville, North Carolina, to Joe Gibbs, an auto racing team owner and former NFL coach, and his wife Pat Gibbs.
From 1991 to 1994, Gibbs played linebacker for Stanford University, where his senior year saw him lead his team in tackles. He joined the Redskins in 2004 as an assistant for offensive quality control and stayed there until 2007 when his father was rehired as head coach of the team.
Coy Gibbs Net Worth
As of 2022, Coy Gibbs’s net worth is estimated to be $5 million. He made the majority of his earnings from his previous jobs as a driver and an assistant football coach. Gibbs’ successful career had bought him some opulent lifestyles and exotic car excursions. Gibbs was one of America’s wealthiest and most powerful assistant coaches.
Coy Gibbs Career
Gibbs made his NASCAR debut in the Craftsman Truck Series in 2000, driving the No. 18 Chevrolet with his brother J. D. He began racing full-time in 2001, finishing second twice and tenth in points the following year. Gibbs took over for Mike McLaughlin in the Busch Series in 2003, finishing second to David Stremme in the Rookie of the Year race. He announced his retirement from racing at the end of the season.
Coy Gibbs of Joe Gibbs Racing collided with Kevin Harvick of Richard Childress Racing during a Truck Series race at Martinsville Speedway in 2002. Harvick collided with Gibbs on a restart a few laps later, spinning him around and effectively ending his race-winning chances. When he was running third, Coy Gibbs believed he could have won the race. Harvick was suspended for the rest of the weekend after NASCAR investigated his radio comments and fined him $35,000 for intentionally causing Gibbs harm.
Following an altercation with Greg Biffle a month earlier, NASCAR determined that Harvick had violated the terms of his probation. Gibbs announced in 2007 the formation of Joe Gibbs Racing Motocross (JGRMX), which competes in the AMA motocross and supercross championships.
The NASCAR Cup Series teams are based in Huntersville, North Carolina, which is less than a mile away from the JGRMX race shop. David Evans, a motocross industry veteran, assisted Gibbs in running the operation. The team signed riders James Stewart and Davi Milsaps for the 2012 season.
Coy Gibbs Personal Life
Gibbs and his wife Heather Gibbs have four children: Case Gibbs, Jet Gibbs, Elle Gibbs, and Ty Gibbs. Ty Gibbs is an American stock car racer. Ty drives the No. 54 Toyota Supra for Joe Gibbs Racing in the NASCAR Xfinity Series. Gibbs won the ARCA Menards Series in 2021.
On November 6, 2022, Gibbs died peacefully in his sleep. His death was announced just a few days before the 2022 NASCAR Cup Series Championship race. Among the drivers who paid tribute to Gibbs were Denny Hamlin, Kyle Busch, and eventual race winner Joey Logano.
What Was Coy Gibbs’s Cause of Death?
On Nov. 6, 2022, Joe Gibbs Racing (JGR) took to social media to announce that co-owner Coy Gibbs had suddenly died. The cause of death hasn’t been made public, but the stock car racing organization revealed Coy passed away in his sleep.
He died just hours after his 20-year-old son, Ty Gibbs, won the 2022 NASCAR Xfinity Series championship race.
Coy spoke of his son’s accomplishment in a post-race press conference, stating (via NASCAR), “I think he’s got skills, and he’s determined. It definitely made me proud. I think it made my wife — we were both proud, just because he just hammered down and did his job. If he wants to do this for a living, he’s going to learn how to do that.”
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